Market
How many executives will leave TD Bank in 2025 as part of restructuring efforts?
3
Resolution / Starting Odds
Less than 10 • 25%
10 to 20 • 25%
21 to 30 • 25%
More than 30 • 25%
TD Bank official announcements and news reports
Story
TD Bank Appoints Raymond Chun as CEO on February 1, 2025, Accelerating Leadership Change Amid Money-Laundering Scandal
Jan 17, 2025, 01:53 PM
Toronto-Dominion Bank (TD Bank) is accelerating its leadership transition by appointing Raymond Chun as the new President and CEO effective February 1, 2025, two months earlier than originally planned. The move comes as the bank seeks to address the fallout from a historic money-laundering scandal, which has prompted a broader overhaul of its executive team. Bharat Masrani, the current CEO, will step down earlier than expected, while the bank has also announced pay cuts for more than 40 executives as part of its restructuring efforts. This change in leadership is part of TD Bank's strategy to enhance its anti-money laundering practices and restore confidence in its operations.
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20-30 million euros • 25%
More than 40 million euros • 25%
30-40 million euros • 25%
Less than 20 million euros • 25%
Elon Musk steps down as CEO • 25%
New CFO appointed • 25%
No major changes • 25%
Other executive changes • 25%
Jennifer Piepszak to CEO • 25%
Other major change • 25%
Jamie Dimon steps down • 25%
New COO appointed • 25%
Federal Reserve • 25%
Office of the Comptroller of the Currency • 25%
Federal Deposit Insurance Corporation • 25%
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No changes in top leadership • 25%
New CFO appointed • 25%
New CEO appointed • 25%
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Minimal Influence • 25%
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Office of the Comptroller of the Currency (OCC) • 33%
Federal Reserve • 33%
Federal Deposit Insurance Corporation (FDIC) • 33%
New CFO appointed • 25%
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No significant changes • 25%
New CEO appointed • 25%
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No changes in leadership • 25%
President Junichi Hanzawa steps down • 25%
Board of directors changes • 25%
Other senior management changes • 25%